FirstEnergy Corporation $FE Stock Holdings Boosted by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. boosted its position in FirstEnergy Corporation (NYSE:FE) by 13.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,842 shares of the utilities provider’s stock after purchasing an additional 950 shares during the quarter. Geneos Wealth Management Inc.’s holdings in FirstEnergy were worth $317,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Soroban Capital Partners LP grew its stake in shares of FirstEnergy by 60.2% in the fourth quarter. Soroban Capital Partners LP now owns 8,340,760 shares of the utilities provider’s stock worth $331,795,000 after purchasing an additional 3,133,083 shares in the last quarter. Boston Partners grew its position in FirstEnergy by 14.9% in the 1st quarter. Boston Partners now owns 18,962,859 shares of the utilities provider’s stock valued at $767,952,000 after buying an additional 2,459,779 shares in the last quarter. Federated Hermes Inc. grew its position in FirstEnergy by 133,614.8% in the 1st quarter. Federated Hermes Inc. now owns 2,310,592 shares of the utilities provider’s stock valued at $93,394,000 after buying an additional 2,308,864 shares in the last quarter. Wealthquest Corp acquired a new position in FirstEnergy during the 1st quarter valued at about $53,169,000. Finally, Zimmer Partners LP raised its position in shares of FirstEnergy by 33.4% during the 4th quarter. Zimmer Partners LP now owns 4,918,857 shares of the utilities provider’s stock worth $195,672,000 after buying an additional 1,232,040 shares in the last quarter. Institutional investors own 89.41% of the company’s stock.

FirstEnergy Stock Performance

Shares of FE stock opened at $43.63 on Tuesday. The company has a market capitalization of $25.19 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 2.69 and a beta of 0.50. FirstEnergy Corporation has a 1-year low of $37.58 and a 1-year high of $44.78. The company has a current ratio of 0.61, a quick ratio of 0.51 and a debt-to-equity ratio of 1.68. The stock’s fifty day simple moving average is $42.61 and its 200-day simple moving average is $41.36.

FirstEnergy (NYSE:FE) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. FirstEnergy had a net margin of 9.31% and a return on equity of 11.31%. The business had revenue of $3.40 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same period last year, the company posted $0.56 earnings per share. FirstEnergy has set its FY 2025 guidance at 2.400-2.600 EPS. On average, sell-side analysts predict that FirstEnergy Corporation will post 2.66 earnings per share for the current fiscal year.

FirstEnergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Thursday, August 7th were issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, August 7th. FirstEnergy’s payout ratio is currently 78.76%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FE. KeyCorp reiterated an “overweight” rating and set a $46.00 price objective (down previously from $47.00) on shares of FirstEnergy in a research note on Wednesday, July 16th. UBS Group set a $44.00 price target on FirstEnergy and gave the company a “neutral” rating in a research note on Tuesday, June 24th. Mizuho boosted their price objective on FirstEnergy from $43.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Barclays raised FirstEnergy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $43.00 to $49.00 in a research note on Monday, August 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of FirstEnergy in a report on Thursday, August 21st. Seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.31.

FirstEnergy Company Profile

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. It operates through Regulated Distribution and Regulated Transmission segments. The company owns and operates coal-fired, nuclear, hydroelectric, wind, and solar power generating facilities.